Angel Investments
Home interiors firm Arrivae raises Rs.21-Cr from Mithun Sacheti
Mumbai-based home interiors firm Arrivae has raised INR 21 crore in equity from CaratLane’s founder Mithun Sacheti. With this investment, Sacheti is set to join the board of directors at Arrivae.The firm, founded in 2018 by Yash Kela (also the co-founder of investment firm Singularity Growth, where Sacheti has recently signed up as a General Partner), will use the new funds to go deeper into existing markets and strengthen its supply chain. Arrivae is present in Mumbai, Hyderabad, Gurugram and Bengaluru, and runs 11 stores in these cities.Arrivae provides end-to-end, design-to-manufacturing services for home interiors and improvements, and claims to have a catalogue of over a million elements.
Between Feb-20 and Dec-21, Arrivae had raised over USD 24 M from Volrado Ventures, Think Investments, Yuj Ventures, Havells Family Office, Others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
